Merck & Co Inc (MRK) Up 0.55%, in an Uptrend Over Past 14 Days; Eyes 100 Day Average

Merck & Co Inc Daily Price Recap

Merck & Co Inc is up 0.55% ($0.46) since yesterday, marking the 2nd day in a row it has gone up. The price move occurred on stronger volume; specifically, yesterday’s volume was up 62.45% from the day prior, and up 49.1% from the same day the week before. The daily price chart of Merck & Co Inc below illustrates.

Merck & Co Inc Technical Analysis

Notably, Merck & Co Inc is now close to its 100 and 200 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 6 out of the past 10 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to MRK:

    $IBB
    Barrons: In a Pandemic, Pharma’s Strengths Emerge: Pipelines With Essential Drugs.

    The pharmaceutical industry may be one of the best places to take shelter as COVID-19 ravages the economy, given its focus on new products, a promising sales outlook, and low price/earnings ratios, Bill Alpert writes in this week's edition of Barron's. After lagging behind the market in 2019, stocks like $MRK $PFE and $LLY have outperformed the S&P 500 index since the coronavirus disruption began.
    https://www.barrons.com/articles/big-pharma-sees-its-strengths-surface-in-the-pandemic-51587165651